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The Indian rupee closed at 86.56 to the dollar on Monday, slightly higher than its close of 86.61 on Friday.At close, the Sensex was up 454.11 points or 0.59 percent at 77,073.44, and the Nifty was up 141.55 points or 0.61 percent at 23,344.75. About 2399 shares advanced, 1492 shares declined, and 160 shares unchanged.Read More :- CCI’s cotton procurement in MP touches 12L quintal

CCI’s Cotton Procurement in Madhya Pradesh Touches 12 Lakh QuintalsIndore: The Cotton Corporation of India (CCI), the nodal agency under the Ministry of Textiles, has procured around 12 lakh quintals of cotton in Madhya Pradesh so far this season—nearly double last year’s procurement of 6.35 lakh quintals.Procurement operations began in October 2024 at the Minimum Support Price (MSP), with 21 centres established across the state to facilitate farmer participation.“Approximately 12 lakh quintals have been procured so far. Most centres are fully operational, especially since arrivals were strong in the early months. While initial produce had higher moisture levels, the quality has steadily improved, and current stock levels are satisfactory,” a CCI official said on condition of anonymity.For the 2024–25 season, the MSP has been fixed at ₹7,121 per quintal for general cotton and ₹7,521 per quintal for medium and long-staple varieties.Key procurement centres are located in major cotton-growing regions such as Khargone, Dhamnod, Bikangaon, Badwah, and Khandwa. In the Indore division, prominent cotton belts include Khargone, Khandwa, Barwani, Manawar, Dhar, Ratlam, and Dewas.According to Kailash Agrawal, a local trader and farmer, higher procurement this season has been driven by improved production and better per-hectare yields. “Unlike previous years, many farmers chose to sell early to secure assured returns, resulting in strong arrivals at the start of the season,” he said.Traders estimate that nearly 80% of cotton arriving in mandis this season has been purchased by CCI, as open market prices have remained below the MSP.Another trader, Hari Kishore, noted that cotton prices have not crossed ₹8,000 per quintal in the past three years. “Given past trends, farmers prefer to clear their stocks early at MSP, which is seen as a safer option,” he said.Daily arrivals at the Khargone market are currently estimated at 10,000–15,000 quintals, compared to 8,000–10,000 quintals during the same period last year.Read More :- Global cotton faces 2025 challenges amid supply-demand gap

The supply-demand mismatch will provide issues for global cotton in 2025.The global cotton sector may face notable challenges in 2025, as production continues to rise faster than demand. Economic forecasts suggest growth will match last year’s pace, while oil prices are trading lower, and cotton futures indicate stability for the year ahead, as per the Centre for Advanced Studies on Applied Economics (CEPEA).Brazil concluded 2024 as the world’s major cotton exporter, shipping 2.77 million tons, overtaking the United States, which exported 2.37 million tons. A significant factor behind Brazil’s record exports was China, which imported 924.7 thousand tons.Cotton prices in Brazil are likely to face downward pressure due to high ending stocks, limited global demand, and marginal global economic growth. However, the Brazilian real’s devaluation against the US dollar could enhance export competitiveness, potentially stabilizing prices.Conab estimates that Brazil’s 2024/25 cotton crop planted area may grow by 3 per cent, reaching 2 million hectares. Productivity is projected to decline by 3.1 per cent compared to the previous season, to 1,845 kilos per hectare. Total production for the 2024/25 crop is anticipated at 3.695 million tons, a slight decrease of 0.2 per cent from the prior season.Globally, USDA data indicates a 3.9 per cent rise in supply for the 2024/25 season, totalling 25.558 million tons. World cotton consumption is projected to increase by 1.3 per cent in the same period, reaching 25.211 million tons.read More :-   Rupee rises 14 paise to 86.46 against US dollar in early trade today 

In early trading today, the rupee advances 14 paise to 86.46 against the US dollar.Rupee appreciated 14 paise to 86.46 against the US dollar in morning trade on Monday, tracking a positive trend in domestic equities and Asian currencies.Forex traders said factors like elevated Dollar Index level as well as surging crude oil prices pose significant headwinds for the USD/INR pair.At the interbank foreign exchange, the rupee opened at 86.48 and touched 86.46 against the greenback, registering a gain of 14 paise over its previous close.On Friday, the rupee had settled at 86.60 against the US dollar.Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.22 per cent at 109.10.Read More :-  Textile shows displaying products from across nation

Textile displays that showcase goods from all over the countryThe textile hub of Ludhiana, renowned for its innovation prowess and entrepreneurial spirit, is once again playing host to the highly curated triple shows, viz Yarnex, Texindia, and DyChem Tex Process. The events, which began today, will bring together suppliers and buyers at the Dana Mandi, Bahadur ke Road, and Jalandhar By-pass till January 19.The event was inaugurated by Mandeep Singh Garcha, country manager, The Echo Design Group, Ludhiana, today in the presence of the guest of honour, Vinay Saini, head sourcing and product development, ICONIC Fashion Retailing Pvt Ltd, Gurgaon.The shows will showcase products and services from leading manufacturers and suppliers from Ludhiana as well as from across the country. The shows will play a catalyst role in strengthening the textile value chain in Ludhiana. The three-day show will witness the participation of 121 leading companies from various parts of India.Visitors at the event represent a diverse category, including international buying houses and agents, garment manufacturers and exporters; composite mills, powerloom weavers, knitters, distributors, and wholesalers etc.Entry to the event is strictly for trade visitors only and will allow companies to interact and conduct business in a non-cluttered and extremely businesslike environment.Read More :-  Bangladesh BTMA requests an extension of the import payment usage time.

Bangladesh BTMA seeks extension of usance period for import paymentsThe Bangladesh Textile Mills Association (BTMA) recently urged the Bangladesh Bank governor to extend the usance period for payment on imports of industrial raw materials as export-oriented textile firms are facing problems due to expiry of a central bank circular.In foreign trade, usance is the allowable period of time permitted by the customs between the issuance of a bill and its payment.In a letter to the central bank governor, BTMA said the period for payment on imports of industrial raw materials was extended from 180 days to 360 days maintaining the arrangement until December 31, 2024, to facilitate import and export, domestic media outlets reported.Export-oriented textile mills have faced exchange rate losses while importing raw materials as taka devaluated against foreign currencies due to a number of reasons, BTMA secretary general Mohammad Zakir Hossain wrote.Mills also cannot utilise their full capacity due to shortage of gas and electricity, hikes in gas prices and workers' wages and the recent political turmoil and labour unrest, the letter added.

The rupee fell 6 paise versus the dollar to close at Rs 86.61 this eveningAt the close, the Sensex was down 423.49 points, or 0.55 percent, at 76,619.33, and the Nifty was down 108.60 points, or 0.47 percent, at 23,203.20. About 1975 stocks advanced, 1797 stocks declined and 116 stocks were unchanged.Read More :-  Heimtextil 2025: India Showcases Textile Industry Growth and Global Collaboration with Inauguration of India Pavilion

Early trading saw the rupee rise 3 paise to 86.58 against the US dollar.The rupee rose 3 paise to 86.58 against the US dollar in early trade on Friday on the back of softening American currency.At the interbank foreign exchange, the rupee opened at 86.60 and touched a high of 86.55 before trading at 86.58 against the greenback in initial deals, 3 paise higher from its previous close.On Thursday, the rupee depreciated 21 paise to close at 86.61 against the US dollar. The local unit had settled with a gain of 13 paise at 86.40 against the dollar on Wednesday, a day after rebounding 17 paise from its lowest-ever level of 86.70 against the greenback.Read More :- Indian rupee ended 19 paise lower at 86.55 per dollar on Thursday against Wednesday's close of 86.36.

The Indian rupee closed at 86.55 per dollar on Thursday, 19 paise less than its closing price of 86.36 on Wednesday.At close, the Sensex was up 318.74 points or 0.42 percent at 77,042.82, and the Nifty was up 98.60 points or 0.42 percent at 23,311.80. About 2669 shares advanced, 1132 shares declined, and 101 shares unchanged.Read More :- Heimtextil 2025: India Showcases Textile Industry Growth and Global Collaboration with Inauguration of India Pavilion

Heimtextil 2025: India Launches India Pavilion to Highlight Textile Industry Development and International CooperationAt Heimtextil 2025, India highlighted its expanding textile sector with the largest participation to date. The Minister emphasized sustainability, innovation, and global partnerships, urging international investment and strengthening India’s role in the global market.India displayed its growing prowess in the textile industry with the inauguration of the India Pavilion at Heimtextil 2025, held at Messe Frankfurt. The event marked the largest participation from India at this prestigious global home textiles fair, underscoring the country’s commitment to innovation, sustainability, and forging international partnerships.Giriraj Singh, Minister of Textiles addressed global home textile stakeholders, including exporters, importers, and manufacturers, stressing India’s increasing competitiveness in the global market and the importance of international collaboration for sustainable growth. The Minister also invited representatives from participating countries to attend Bharat Tex 2025 and explore the various investment opportunities within India's expanding textile sector.In a separate Investors’ Meet with textile and machinery manufacturers, the Minister highlighted India’s impressive growth trajectory and the significant rise in Foreign Direct Investment (FDI) over the past decade. He emphasized the success of the ‘Make in India’ initiative, positioning India as a competitive manufacturing hub. The Minister urged global investors to seize the opportunities available in India, cautioning that those who overlook the Indian market might risk missing out on its potential. His call to action was, ‘Come and invest in India - Make in India, Make for the World.’The Minister also held discussions with the Machinery and Equipment Manufacturers Association and IVGT, Germany, on the sidelines of Heimtextil. He encouraged these entities to strengthen their ties with India’s textile sector, noting that India is one of the largest buyers of textile machinery. He cited the example of a successful German sewing thread manufacturer in India, inviting other machinery manufacturers to consider investing and establishing production facilities in the country.The Indian government continues to actively support exporters by facilitating their participation in global events like Heimtextil, helping increase their international visibility and competitiveness. During his visit, the Minister also toured the exhibition stalls, engaging with exhibitors to learn about their latest innovations and offerings in home textiles. The craftsmanship on display reaffirmed India’s commitment to advancing the sector’s global aspirations.The event saw enthusiastic participation from industry leaders and exporters, further solidifying India’s position as a key player in the global textile industry. The Indian delegation, led by the Minister, was accompanied by Rohit Kansal, Additional Secretary of the Ministry of Textiles, the Consul General of India in Germany, and other ministry officials.Read More :- Indian rupee opens marginally down at 86.42 against dollar

The Indian rupee opens slightly lower versus the dollar at 86.42.The Indian rupee opened marginally down on January 16 at 86.42 against the US dollar after ending the previous session at 86.36.Read More :-    This evening, the rupee strengthened by 28 paise against the dollar to close at Rs 86.36.